Weblog Unclutterer hates the fake drawers that sit in front of sinks, suggesting instead that you install a tip-out tray for storing sponges, scrubbers, and other sink-related goodies.
The post from Unclutterer mostly extols the virtues of the tip-out tray for decluttering countertops of toothbrushes in the bathroom and scrubbing utensils in the kitchen, but a quick Google search reveals plenty of step-by-step guides for installing a tip-out tray, like this one. Amazon sells all kinds of tip-out trays for around $25 (here's the pictured tray), so it seems like a pretty inexpensive and useful DIY to tackle. If you've already got a tip-out tray installed in front of your sink, let's hear how you like it and what you use it for in the comments.
Install a tip out tray in front of your sink [Unclutterer]